Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
EARN
SELLREMOVEEllington Credit Company · Financial Services · United States · $185M · Avg Vol: $2M/d
Ellington Credit Company is a closed-end management investment company focused on mortgage-backed securities. It is a yield-play vehicle with no structural growth, no moat, and high sensitivity to interest rate volatility.
COMPANY DESCRIPTION
Ellington Credit Company is a real estate investment trust (REIT) that invests in a diverse portfolio of residential mortgage loans and mortgage-related assets. The company primarily targets residential mortgage-backed securities (RMBS) and other related assets, managed by an affiliate of Ellington Management Group, LLC. As a mortgage REIT, it aims to generate distributable income through opportunistic investments in the residential credit market.
FINANCIAL SUMMARY (USD)
| Year | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|
| Revenue | -557,000 | -25M | 10M | 16M | 57.3% |
| EPS | -0.50 | -2.29 | 0.31 | — | — |
| Shares | 13M | 13M | 19M | 30M | +126.2% |
| Debt | 1.4B | 941M | 809M | 630M | -24.1% |
| Equity | 154M | 112M | 136M | 194M | 7.9% |
| Op CF | 28M | 22M | -10M | 9M | -31.1% |
| Inv CF | -15M | 111M | 86M | 116M | — |
| Fin CF | -2M | -167M | -72M | -132M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of EARN are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| EARN | Ellington Credit Company(you) | $185M | 23 | SELL |
| HEQ | John Hancock Diversified Income Fund | $142M | 24 | SELL |
| DHY | Credit Suisse High Yield Credit Fund | $243M | 25 | SELL |
| GNT | GAMCO Natural Resources, Gold & Income Trust | $131M | 24 | SELL |
| MCN | XAI Madison Equity Premium Income Fund | $124M | 23 | SELL |
| RLTY | Cohen & Steers Real Estate Opportunities & Income Fund | $265M | 17 | STRONG SELL |
| ASG | Liberty All-Star Growth Fund, Inc. | $336M | 20 | SELL |
| EVF | Eaton Vance Senior Income Trust | $90M | 23 | SELL |
| EDF | Virtus Stone Harbor Emerging Markets Income Fund | $174M | 36 | HOLD |
| BWG | Legg Mason BW Global Income Opportunities Fund Inc. | $133M | 13 | STRONG SELL |
Peer medians: ROE 10.8% · P/E 13.6x · Gross margin 0.0%